Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.94499695 |
details, prediction |
Crypto.com Chain
CRO
|
0.82063997 |
details, prediction |
ZCash
ZEC
|
0.80399364 |
details, prediction |
TRON
TRX
|
0.78826034 |
details, prediction |
Cardano
ADA
|
0.75042063 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9365899 |
details, prediction |
Status
SNT
|
0.9347405 |
details, prediction |
Siacoin
SC
|
0.895913 |
details, prediction |
Telcoin
TEL
|
0.8934588 |
details, prediction |
Request Network
REQ
|
0.88552666 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.9465439 |
details, prediction |
NKN
NKN
|
0.91198564 |
details, prediction |
Loopring
LRC
|
0.89472824 |
details, prediction |
Kyber Network
KNC
|
0.8939937 |
details, prediction |
Electroneum
ETN
|
0.8866285 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Cash price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Cash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.19491012 |
details, prediction |
Stellar
XLM
|
-0.09266916 |
details, prediction |
Bitcoin
BTC
|
-0.07938559 |
details, prediction |
Ethereum
ETH
|
-0.075396374 |
details, prediction |
UNUS SED LEO
LEO
|
0.1392253 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.56070215 |
details, prediction |
Dai
DAI
|
-0.47937647 |
details, prediction |
True USD
TUSD
|
-0.088826805 |
details, prediction |
Verge
XVG
|
0.16089046 |
details, prediction |
Zilliqa
ZIL
|
0.34698176 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.28915825 |
details, prediction |
HEROcoin
PLAY
|
-0.19471528 |
details, prediction |
Dero
DERO
|
-0.15552771 |
details, prediction |
Constellation
DAG
|
-0.10253687 |
details, prediction |
Dent
DENT
|
-0.028895654 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)